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Liquid staking solutions such as Lido and Rocket Pool now have more total value locked (TVL) than decentralized exchanges (DEXs), making them the top category of DeFi protocols, according to data from crypto analytics platform DefiLlama. For the first time, the Liquid Staking category has surpassed DEXes in total value locked, . . . → Read More: Liquid staking solutions now have more TVL than DEXs: DefiLlama USD/JPY TECHNICAL ANALYSIS The U.S. dollar rallied at the start of the week, bolstered by surging U.S. Treasury yields following the release of the U.S. ISM manufacturing report, which showed a jump in the employment and prices paid components of the survey. In this context, USD/JPY advanced more than 0.8% to ~137.40 in . . . → Read More: USD/JPY Goes Ballistic, Pulverizes Key Fib Resistance, S&P 500 Wavers at 4,200 Bitcoin (BTC) headed toward $28,000 support after the May 1 Wall Street open as markets digested fresh United States banking jitters. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Suspicions mount over First Republic contagion Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to multi-day lows at the time of writing. The pair . . . → Read More: Bitcoin price threatens $28K support as pre-FOMC mood boosts US dollar JPMorgan Chase emerged as the winner in the auction to acquire the deposits and a “substantial majority of assets” of troubled bank First Republic. This marked the failure of the third regional bank in the United States since March and laid bare the vulnerabilities in the legacy banking system. Meanwhile, Bitcoin (BTC) has risen . . . → Read More: Price analysis 5/1: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL GOLD PRICE FORECAST: Gold prices begin the week on the back foot, undermined by rising U.S. yields The Fed’s monetary policy decision will take the spotlight on Wednesday This article looks at key technical levels to watch on gold Recommended by Diego Colman Get Your Free Gold Forecast . . . → Read More: Gold Prices Turn Lower as US Economic Data Weakens Case for Fed Pause Bitcoin saw considerable volatility between April 25 and May 1, ranging between $27,200 and $30,000. From a trading perspective, the 10.5% move sounds alarming, resulting in $340 million in leveraged BTC futures contract liquidations. However, from a broader angle, the Bitcoin (BTC) price is up 72% year-to-date in 2023, while the S&P 500 stock market . . . → Read More: Will $28K Bitcoin price hold? Two indicators remain solid despite 5% pullback Layer-2 blockchain protocols have been in the spotlight in 2023, bringing major performance improvements to a variety of platforms and services operating in the Ethereum ecosystem. Zero-knowledge (ZK) proofs have been key in the roll-out of a variety of layer 2s, with the technology pioneered by the decentralized scaling network Starknet. StarkWare, the technology . . . → Read More: More TPS, less gas: Ethereum L2 Starknet outlines performance upgrades AI Eye: Is Hollywood over? ETH founder on AI, Wes Anderson Star Wars, robot dogs with ChatGPT brainsYour biweekly roundup of cool AI stuff and its impact on society and the future. The past two months have seen a Cambrian explosion in the capabilities and potential of AI technology. OpenAI’s upgraded chatbot GPT-4 was released in mid-March and aced all of its exams, although it’s apparently a pretty average sommelier. . . . → Read More: AI Eye: Is Hollywood over? ETH founder on AI, Wes Anderson Star Wars, robot dogs with ChatGPT brains Singapore’s government-owned investment firm Temasek continues investing in cryptocurrency projects even after losing hundreds of millions of dollars to the collapsed FTX crypto exchange. Temasek has invested $10 million in Array, the developer of an algorithmic currency system based on smart contracts and artificial intelligence. Announcing the news on May 1, Array said . . . → Read More: FTX investor Temasek pours $10M into algorithmic currency system Array Immutable is a game development platform that simplifies building Web3 games on the Ethereum blockchain. Headquartered in Sydney and co-founded in 2018 by James Ferguson, Robbie Ferguson and Alex Connolly, this leading Web3 gaming platform is focused on a mission to bring digital ownership to players by making it easy to build Web3 games . . . → Read More: What is Immutable, explained A Coinbase executive claims to have discovered a “jailbreak” for the artificial intelligence tool ChatGPT that allows it to calculate the probability of bizarre crypto price scenarios. The crypto exchange’s head of business operations Conor Grogan, an avid ChatGPT user, shared a screenshot of the results in an April 30 tweet — showing that . . . → Read More: Coinbase exec uses ChatGPT ‘jailbreak’ to get odds on wild crypto scenarios Crude Oil, China PMI, Japanese Yen, BoJ, USD/JPY, FDIC, Gold – Talking Points Crude support wilted somewhat after questioning of China’s growth prospects The Japanese Yen remains under pressure after Friday’s BoJ announcements It might be a quiet start to a busy week today but market liquidity will keep traders on edge . . . → Read More: Crude Oil Slips on Soft Data Ahead of Fed and ECB Decisions. Where to for WTI? Gold, XAU/USD, US Dollar, FOMC, Fed, Treasury Yields, GVZ Index – Talking Points The gold price appears poised for action this week after a stint of range trading Treasury and real yields are tinkering at the edges for direction ahead of FOMC If the Fed surprises markets, will real yields and USD break . . . → Read More: Gold Price Trapped Ahead of a Busy Week as US Dollar Pauses. Where to for XAU/USD? Risky assets marginally extend their up-move in April. The S&P 500 Index rose around 1.5% in April while Bitcoin (BTC) is on track to end the month with gains of more than 4%. Could the rally continue in May or is it time for a pullback? The recovery could face headwinds if the United . . . → Read More: Just Bitcoin or diversify? 5 cryptocurrencies to watch in the next few days Recommended by Manish Jaradi Get Your Free Top Trading Opportunities Forecast Get My Guide Global equity markets ended mostly higher in the past week, led by the US, following better-than-expected earnings from big technology companies. The MSCI All Country World Index was largely flat, and the US . . . → Read More: Markets Week Ahead: Fed, ECB, RBA, S&P 500, Gold, US Dollar It now costs Bitcoin (BTC) miners at least $17,000 to produce one BTC in the U.S. versus the $5,000-10,000 range a year ago, according to Bitcoin mining data resource Hashrate Index and Luxor. Bitcoin hashprice has dropped 58% in a year Unsurprisingly, soaring electricity rates across the U.S. states have contributed to rising Bitcoin mining costs. Notably, . . . → Read More: Mineflation: Cost to mine one Bitcoin in the US rises from $5K to $17K in 2023 US DOLLAR FORECAST: U.S. dollar finishes the week marginally weaker, dragged down by risk-on sentiment Corporate earnings from mega-cap tech spark a rally on Wall Street Next week, attention will turn to the Fed’s monetary policy decision and the nonfarm payrolls report from April Recommended by Diego Colman Get . . . → Read More: US Dollar’s Direction Hinges on Fed’s Policy Outlook, US Labor Market Data Bitcoin (BTC) narrowed volatility on April 30 as the weekly and monthly candle closes loomed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader sees BTC price upside capped at $32,500 Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it loitered just above $29,000 throughout the weekend. After unsettled price action earlier in . . . → Read More: ‘Good luck bears’ — Bitcoin traders closely watch April close with BTC price at $29K WTI OIL PRICE, CHARTS AND ANALYSIS: WTI TECHNICAL OUTLOOK: MIXED Recommended by Zain Vawda Get Your Free Oil Forecast Get My Guide WTI WEEK IN REVIEW AND WORLD BANK OUTLOOK Crude Oil had a mixed week to say the least with a rally to close the week . . . → Read More: Crude Oil Weekly Forecast: OPEC+ Production Gains Wiped Out Ahead of Pivotal Week for Oil Prices Top Stories This Week Circle launches cross-chain USDC transfer protocol Circle launched a cross-chain protocol that enables USDC transfers between the Ethereum and Avalanche blockchains. The protocol works by burning the selected amount of native USDC on the source chain, and minting an equivalent amount of new USDC on the intended destination chain. The . . . → Read More: Visa stablecoin plan, debt’s ceiling effect on Bitcoin price: Hodler’s Digest, April 23-29 GBP/USD and EUR/GBP – Prices, Charts, and Analysis ECB and Fed are expected to hike interest rates next week. Little high-impact data in the UK next week will leave Sterling vulnerable. Recommended by Nick Cawley Get Your Free GBP Forecast Get My Guide The British Pound . . . → Read More: British Pound Week Ahead: GBP/USD and EUR/GBP Will Dance to Different Music EUR/USD ANALYSIS & TALKING POINTS ECB rate hike looks to inflation data for guidance as money markets require more conviction between a 0.25% and 0.50% increment. USD receives additional support from souring risk sentiment. Technical analysis favors euro downside on both weekly and daily timeframes. Recommended by Warren Venketas . . . → Read More: EUR/USD Preps for Data Heavy Week with ECB & Fed in Focus Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms, focusing on the cause and effect of traditional financial events on day-to-day crypto activity. The risks of a United States debt default are the first topic of . . . → Read More: How would a US debt default impact Bitcoin? S&P 500, SPX, NASDAQ 100, NDX – OUTLOOK: Earnings from the big technology companies may have boosted US equity indices. However, the checklist of concerns has lengthened. Overall trend remains up for the S&P 500 and the Nasdaq 100 index. Recommended by Manish Jaradi How to Trade the “One . . . → Read More: S&P 500, Nasdaq Weekly Forecast: Climbing the Wall of Worry The cryptocurrency market witnessed sharp volatility on April 26 on rumors that large sums of Bitcoin (BTC) were on the move from the wallets linked to the defunct cryptocurrency exchange Mt. Gox and the United States government. A minor positive is that Bitcoin and select altcoins held their respective support levels. After Bitcoin’s sharp . . . → Read More: Price analysis 4/28: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC GOLD PRICES FORECAST: Gold prices were subdued on Friday, but losses were limited Traders appear to be avoiding large directional bets ahead of important economic events in the coming days The Fed May meeting’s monetary policy decision and the U.S. labor market report will steal the limelight next week Recommended by . . . → Read More: Gold Wavers Ahead of Big Data Week, Fed and Jobs Report Eyed for Market Cues Bitcoin (BTC) stayed choppy at the April 28 Wall Street open, while United States macro data conformed to expectations. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView PCE offers “nothing to shock” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fluctuating around the $29,000 mark on Bitstamp. U.S. Personal Consumption Expenditures (PCE) Index data, . . . → Read More: Bitcoin price holds $29K as US PCE data sparks 90% Fed rate hike bets Tim Draper, one of the most known Silicon Valley venture capitalists, has played a crucial role in the Draper VC dynasty. Not only because he was an early investor in tech firms like Tesla and Skype but also because he made a turn in the Draper family’s path to Bitcoin (BTC). In the latest . . . → Read More: Crypto Stories: Tim Draper tells how his family moved into Bitcoin Polygon Labs and Google Cloud announced a multi-year partnership at Consensus 2023 that will see the cloud computing service provider help boost the development of the Ethereum scaling protocol’s tools and infrastructure. Polygon’s core protocols, including Polygon proof-of-stake (PoS), Polygon zkEVM and Polygon Supernets, are set to benefit from the provision of Google . . . → Read More: Google Cloud to optimize Polygon zkEVM scaling performance US Dollar (DXY) Price, Chart, and Analysis Headline inflation at 4.2% vs a prior reading of 5.1% Core inflation at 4.6% vs 4.5% expectations and a upwardly revised prior reading of 4.7% Recommended by Nick Cawley Get Your Free USD Forecast Get My Guide Core inflation . . . → Read More: US Core and Headline Inflation Diverge, Employment Costs Rise, US Dollar Nudges Higher. If Bitcoin (BTC) were a country, it might be one of the biggest in the world. That’s according to Jeff Booth, general partner at Bitcoin venture fund Ego Death Capital and author of The Price of Tomorrow: Why Deflation is the Key to an Abundant Future. Cointelegraph spoke to Booth to better understand and visualize the Bitcoin . . . → Read More: The Bitcoin transition: How hodlers can become changemakers and drive adoption USD/JPY PRICES, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free JPY Forecast Get My Guide Most Read: Japanese Yen Drops as BOJ Keeps Policy Settings Unchanged: Where to for USD/JPY? USD/JPY FUNDAMENTAL BACKDROP The Yen suffered overnight as comments from Bank of Japan (BoJ) Governor . . . → Read More: USD/JPY Price Forecast: Dovish BoJ Inspires USD/JPY Rally, 200-Day MA in Sight As cryptocurrencies increasingly fall under the purview of global tax authorities, fintech Revolut has integrated an automated tax reporting service for its users. The digital financial services provider has partnered with cryptocurrency tax solution Koinly to allow users to generate cryptocurrency tax reports to work out gains and losses. Revolut users will be . . . → Read More: Revolut taps Koinly for automated cryptocurrency tax reports On April 26, the United States House of Representatives passed a bill to increase the U.S. debt ceiling. This led analysts to weigh its potential impact on the price of Bitcoin (BTC), ranging from highly bearish to overly bullish. Ultimately, U.S. dollar liquidity is the key to both of these opposing viewpoints. “Deflationary recession” to . . . → Read More: Analysts at odds over Fed, US debt ceiling impact on Bitcoin price Euro Area and German GDP Sends EU Assets Lower German GDP stagnates, EU confirms growth slowdown EUR/USD pulls back on hotter US inflation data amid a weaker growth outlook, but the uptrend remains in tact DAX index gapped higher but has declined significantly on the pessimistic fundamental data The analysis in this article . . . → Read More: EU Breaking News: German Economy Stagnates, EU GDP Grows Marginally The Hong Kong Monetary Authority (HKMA), the region’s central banking institution and regulator, has called on banks to provide services to cryptocurrency firms. On April 27, the HKMA issued a circular related to the access of corporate customers to banking services. In the document, the regulator has required authorized institutions, referred to as . . . → Read More: Hong Kong regulator requires banks to open accounts for crypto firms Bitcoin (BTC) traders may be gearing up for a sell-off as data shows tens of thousands of coins moving to exchanges. The latest figures from on-chain monitoring resource Coinglass confirm that global trading volume leader Binance’s BTC balance rose by over 50,000 BTC ($1.5 billion) in the past 30 days. Binance takes lion’s share . . . → Read More: Bitcoin sell-off next? Binance BTC balance shoots up $1.5B in 1 month AUD/USD ANALYSIS & TALKING POINTS Risk aversion is supporting the USD this morning while Australia’s housing credit data highlights fading appetite from consumers within the housing market. US data in focus later today – core PCE, Michigan consumer sentiment. AUD/USD eyes yearly swing low. Recommended by Warren Venketas . . . → Read More: AUD/USD Price Forecast: New 2023 Low for Aussie dollar? US Dollar, Japanese Yen, USD/JPY – Price Action: BOJ kept its ultra-loose policy intact, including the yield curve control policy. ?The Japanese central bank removed its forward guidance on interest rates USD/JPY is headed toward the upper end of the recently established range. Recommended by Manish Jaradi Get . . . → Read More: Japanese Yen Drops as BOJ Keeps Policy Settings Unchanged: Where to for USD/JPY? A record-breaking $3.4 billion penalty has been handed down by a Judge in a lawsuit brought by a United States financial regulator involving a fraudulent scheme involving Bitcoin (BTC). An April 27 statement from the Commodity Futures Trading Commission said Texas District Court Judge Lee Yeakel ordered Cornelius Johannes Steynberg to pay the . . . → Read More: CFTC wins record $3.4B penalty payment in Bitcoin-related fraud case Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong inching close on a clear crypto regulatory pathway A few months after prominent industry players lamented the lack of registration pathways for cryptocurrency exchanges in Hong Kong, some respite may finally be on the horizon. On Apr. 27, . . . → Read More: China’s wave of ChatGPT rivals, Alibaba goes multichain: Asia Express The launch of “Robinhood Connect,” a fiat-to-crypto on-ramp featuring support for decentralized applications (DApps) and self-custody wallets, was announced at Consensus 2023 on April 27. Introducing our latest investment in crypto, Robinhood Connect: https://t.co/SmENSYufBA A low-cost, on-ramp for customers, and a seamless integration for developers. Learn more: https://t.co/rnBnR0LYww pic.twitter.com/6uSIAJkudO — Robinhood . . . → Read More: Robinhood launches fiat-to-crypto on-ramp for self-custody wallets and DApps AMAZON EARNINGS REPORTS KEY POINTS: Amazon’s earnings surprise to the upside, beating on both EPS and revenue expectations Shares of the tech company soar in extended trading following first-quarter results S&P 500 futures extend gains as the e-commerce giant delivers Recommended by Diego Colman Get Your Free Equities . . . → Read More: Amazon Soars on Upbeat Earnings, S&P 500 Futures Add to Gains as Big Tech Delivers The Ether price has held above $1,820 for the past three weeks, despite facing a 13.7% correction between April 18-21. Still, analyzing a broader time frame provides a more constructive view, as Ether (ETH) has gained 20.8% in three months while the S&P 500 stock market index has stood flat. However, according to ETH . . . → Read More: Ether price holds $1,820, but pro traders are skeptical about further gains NASDAQ 100 OUTLOOK: Nasdaq 100 soars more than 2.0% as tech earnings boost sentiment Meta Platforms’ shares surge more than 14% after Q1 financial performance beats estimates Apple’s quarterly results will steal the limelight next week, with an upside surprise likely due to the strong U.S. consumer during the first three months of the . . . → Read More: Nasdaq 100 Blasts Higher as Meta’s Earnings Boost Tech, Apple in Focus Next Week Bitcoin (BTC) stuck to $29,000 at the April 27 Wall Street open as United States gross domestic product (GDP) growth missed expectations. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. GDP figures reveal surprise slowdown Data from Cointelegraph Markets Pro and TradingView showed BTC/USD once again stagnant after flash volatility the day prior. The . . . → Read More: US GDP misses goal as Bitcoin price seeks to erase ‘ultra nasty’ 7% dip GBP/USD News and Analysis Recommended by Richard Snow Get Your Free GBP Forecast Get My Guide US Q1 GDP Disappointment Does Little for Cable US Q1 GDP missed estimates of 2% growth, coming in at a disappointing 1.1%. The print was the first estimate which typically . . . → Read More: GBP/USD Price Outlook: Cable Struggling for Bullish Continuation Wallets have always been a key topic in the cryptocurrency industry because of their essential role in adoption. As the crypto world evolves and enters the multichain phase, wallets may need to operate differently. In Episode 16 of Hashing It Out, Phantom Wallet CEO Brandon Millman joins Elisha Owusu Akyaw to discuss how . . . → Read More: Phantom Wallet CEO explains why wallets must move to be multichain Bitcoin bulls might be disappointed after the $31,000 resistance proved stronger than expected on April 14. However, looking at a broader time frame, Bitcoin (BTC) has been the best-performing asset in 2023, gaining over 74% year-to-date at $29,000. Positioning for weaker dollar, debt ceiling It is worth noting that gold is merely 4% below its . . . → Read More: Got liquidated with Bitcoin futures? Get 3.5x leverage using this options strategy Whatever happened to EOS? After the biggest ICO in history, the former top 10 token now languishes around number 53. But the community has since taken back control and is determined to restore the smart contract platform to its former glory. If you’re a newcomer to the crypto industry, you may not even be . . . → Read More: Whatever happened to EOS? Community shoots for unlikely comeback US Dollar (DXY) Price, Chart, and Analysis The US economy expanded by 1.1% in Q1 compared to expectations of 2%. The US dollar pushes higher but remains weak overall. Recommended by Nick Cawley Get Your Free USD Forecast Get My Guide The US economy expanded by . . . → Read More: US Q1 Growth (GDP) Disappoints, US Dollar Nudges Higher Post-Release Global banks continue to expand their cryptocurrency-related capabilities, with the British multinational bank Standard Chartered raising new funding for its crypto platform Zodia. Standard Chartered-backed crypto custody subsidiary Zodia Custody has raised $36 million in a new series A funding round, Bloomberg reported on April 27. Japanese financial conglomerate SBI Holdings has led . . . → Read More: Banks bullish on crypto: Standard Chartered’s Zodia raises $36M A systems architect cracked a seed phrase and won a 100,000 Satoshi bounty, or 0.001 Bitcoin (BTC), worth $29, in just under half an hour. Cointelegraph spoke to Andrew Fraser in Boston, who underscored how critical it is to keep a Bitcoin wallet seed phrase secure and offline. A seed phrase or recovery . . . → Read More: What security? Bitcoin enthusiast cracks known 12-word seed phrase in minutes Price Action Setups: AUD/JPY, USD/JPY, EUR/JPY The yen could receive a bid if high impact growth data heightens uncertainty amid the re-emergence of US banking fears. AUD/JPY – a sentiment gauge – has dropped this week looking for the next catalyst USD/JPY uptrend fatigues and EUR/JPY bullish continuation unfolds once more The analysis in . . . → Read More: Japanese Yen Price Action Setups: AUD/JPY, USD/JPY and EUR/JPY Changpeng “CZ” Zhao, CEO of major cryptocurrency exchange Binance, claims to hold a way less net worth than reported by some mainstream media. Binance CEO took to Twitter on April 27 to tell its followers that Bloomberg’s latest finance rich list has some inaccurate information regarding his wealth. According to Bloomberg’s rich list, CZ . . . → Read More: Binance CEO denies $28B wealth: ‘I don’t have anywhere near as much’ Bitcoin (BTC) returned to a familiar range on April 27 as panic over alleged Mt. Gox and United States government transactions faded. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Rough” price action keeps Bitcoin traders cautious Data from Cointelegraph Markets Pro and TradingView showed BTC/USD traded near $29,000 on Bitstamp, up nearly $2,000 from . . . → Read More: Bitcoin price retargets $29K after Mt. Gox panic liquidates $320M EUR/USD Price, Chart, and Analysis EUR/USD waiting for US Q1 GDP at 12:30 GMT Heavyweight Euro, German and US data releases set for release on Friday. EUR/USD trades on either side of 1.1050 for now. Recommended by Nick Cawley Find out what our analysts foresee in Q2 . . . → Read More: Euro Latest: EUR/USD Stuck in a Holding Pattern Ahead of High Impact Data Releases Gold, XAU/USD, US Dollar, Treasury Yields, Meta, NZD, Deutsche – Talking Points Gold reflects the general market malaise as US data looms later today Treasury and real yields persist at lower levels but USD appears directionless All eyes will be on US GDP and PCE data. Will XAU/USD gain momentum? . . . → Read More: Gold Consolidates as US Dollar Takes A Breather Ahead of Key Data. Where to for XAU/USD? Crude Oil, WTI, RBOB Crack Spread, OVX, OPEC+, EIA – Talking Points Crude oil tumbled overnight as markets weigh pending summer demand EIA inventory data would normally have been supportive, but it was ignored The dynamics within the futures market might be saying something. Will WTI wilt further? Recommended by . . . → Read More: Crude Oil Sinks as Sentiment Waivers in the Face of Supportive Data. Lower WTI? S&P 500 OUTLOOK: S&P 500 inches lower amid cautious market sentiment despite Microsoft’s strong rally following upbeat earnings MSFT shares jump more than 7% after quarterly results beat expectations and guidance surprises to the upside Attention now turns to US first-quarter GDP on Thursday Recommended by Diego Colman Get . . . → Read More: S&P 500 Subdued Despite Microsoft’s Bullish Explosion, US First-Quarter GDP Eyed The team behind Lens, a Web3 social media protocol, has announced the launch of a new “layer 3” network to scale blockchain social media apps. Called “Bonzai,” the new network processes and stores posts, comments and shares, taking this data off the Polygon network and thereby increasing scalability for Lens, according to an . . . → Read More: Web3 social media protocol launches ‘layer 3’ to provide instant posts The Securities and Exchange Commission (SEC), led by Chairman Gary Gensler, has been at the forefront of the United States’ cryptocurrency crackdown. In the last few months, the agency has filed several enforcement actions against major crypto companies that allegedly violated security laws. Critics say the agency has adopted a regulation-by-enforcement approach without . . . → Read More: SEC’s war on crypto: How far will it go? Binance.?US users will soon be able to set up decentralized domains that will serve as digital identities across the Web3 ecosystem through a new partnership with Unstoppable Domains. The new offering will allow users to mint “.BinanceUS” domains, providing users with easily understandable names for cryptocurrency wallets to buy, sell and transfer cryptocurrency . . . → Read More: Binance.?US enables Web3 domain creation for American users USD/CAD AND USD/JPY FORECAST: USD/CAD wavers after reaching a key technical resistance region, with bulls and bears fighting for control of the market USD/JPY heads lower and challenges trendline support as sellers eye a possible breakdown This article looks at key technical levels to keep an eye on in the coming days Most Read: . . . → Read More: USD/CAD Wavers at Fibonacci Resistance as USD/JPY Makes Move on Trendline Support Bitcoin (BTC) tagged $30,000 into the April 26 Wall Street open as bulls gained further momentum from United States banking woes. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Hayes: “Uncertainty” driving BTC price, gold Data from Cointelegraph Markets Pro and TradingView followed as it briefly reclaimed the psychological line in the sand, capping 11% . . . → Read More: First Republic Bank dives another 20% with Bitcoin ‘ready for $40K’ Bitcoin’s (BTC) price broke above $29,800 on April 26, totaling 9.6% gains in 24 hours, reaching as high as $30,024 on Bitstamp. Some commentators argue that the 50% drop in First Republic Bank (FRB) shares on April 25 has been the catalyst for Bitcoin’s rally. Bitcoin gains from banking crisis Despite the positive . . . → Read More: Bitcoin touches $30K as BTC bulls well-positioned for weekly $3.2B options expiry Copper News and Analysis Recommended by Richard Snow Find out the top trading opportunities in Q2 Get My Guide Chinese Demand Slows and US, EU GDP Figures are Due This Week The outlook for copper turned extremely bullish in December as China’s Zero-Covid policy came to an . . . → Read More: Copper Issues Worrying Signal to Markets on Softer Chinese Demand Name: Gabriel Haines Anonymous: No Twitter followers: 45,300Known for: satirical ranting, shiting posting, and comedic content Who is Gabriel Haines anyway? Gabriel Haines is a content creator, podcaster and Crypto Twitter shitposter who has a proclivity for ripping off his shirt in videos and ranting about the market in a goofy and comedic fashion. His entertainment . . . → Read More: Shirtless shitposting and hunting SBF on the meme streets: Gabriel Haines, Hall of Flame Web3 development is an exciting field that is rapidly gaining popularity, thanks to the increasing adoption of blockchain technology. If you’re interested in learning about Web3 development, YouTube is an excellent resource to turn to. In this article, we’ll highlight five of the top YouTube channels that one can use to learn about . . . → Read More: 5 YouTube channels to learn Web3 development Circle, the creator of US Dollar Coin (USDC), has launched a mainnet protocol that lets users transfer USDC between Ethereum and Avalanche, according to an April 26 announcement. Previously, Avalanche users who held USDC on Ethereum had to deposit their coins with a Circle partner or use a third-party bridge to transfer their . . . → Read More: Circle launches cross-chain USDC transfer protocol for Ethereum, Avalanche Gold Price (XAU/USD), Silver Price (XAG/USD) Charts, and Analysis Heightened recession fears drive investors into gold and silver. US Treasury yields slump, US regional bank fears grow. Recommended by Nick Cawley Get Your Free Gold Forecast Get My Guide Gold, and silver, prices are pushing higher . . . → Read More: Gold and Silver Bid Higher, Government Bond Yields Fall on Recession Fears Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien), an Austrian cooperative banking company founded in 1900, is preparing to launch crypto investment services in collaboration with the Austrian crypto firm Bitpanda. According to a joint announcement on April 26, RLB NÖ-Wien plans to provide its customers with a broad range of cryptocurrencies through Bitpanda’s software as a service (SaaS) . . . → Read More: Bitcoin at banks: Raiffeisenlandesbank to offer crypto investment services GBP/USD PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free GBP Forecast Get My Guide GBP/USD FUNDAMENTAL BACKDROP GBPUSD is having an intriguing week thus far and largely at the mercy of overall market sentiment and the DXY. There has been a lack of . . . → Read More: GBP/USD Technical Forecast: 1.2350 Support Key for Bullish Continuation Bitcoin (BTC) headed toward $29,000 on April 26 after overnight gains marked a solid rebound. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin short squeeze risk on the rise Data from Cointelegraph Markets Pro and TradingView showed BTC/USD advancing swiftly during Asia trading to deliver 6.5% upside versus its local lows. The pair had . . . → Read More: BTC price gains 6% as First Republic Bank drama delights Bitcoin bulls EARNINGS REPORTS KEY POINTS: Microsoft delivers solid results and beats on EPS and revenue expectations Alphabet’s quarterly performance also tops consensus estimates S&P 500 futures rise in extended trading, trimming some of their regular-session losses Recommended by Diego Colman Get Your Free Equities Forecast Get My Guide . . . → Read More: Microsoft and Alphabet Deliver Strong Results, S&P 500 Futures Buoyed by Tech Earnings In today’s Market Report episode, analyst and writer Marcel Pechman covers the potential triggers to move Bitcoin’s price away from $27,000, including the United State Federal Reserve meeting on May 3. The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel. The first news article discussed the catalysts for Bitcoin’s . . . → Read More: Bitcoin’s price is down 10% — New bear market or correction? JAPANESE YEN PRICE, CHARTS AND ANALYSIS: Technicals on Yen Pairs Are Providing a Host of Technical Setups. EUR/JPY Eyeing Trendline Bounce or Break with 8-Year Highs in Sight. USD/JPY Rising Wedge Pattern in Focus. AUD/JPY H4 Timeframe Sees RSI Enter Oversold Territory. Recommended by Zain Vawda Get Your Free . . . → Read More: Japanese Yen Price Action Setups: EUR/JPY, USD/JPY, AUD/JPY Bitcoin (BTC) is done with its bear market, but the coming months may see a return to $20,000. That is the outlook for Philip Swift, a veteran Bitcoin market analyst who co-founded trading suite DecenTrader and data resource Look Into Bitcoin. In his latest interview with Cointelegraph, Swift takes a look at what the . . . → Read More: Bitcoin price can ‘easily’ hit $20K in next 4 months — Philip Swift This week’s episode of the Decentralize with Cointelegraph podcast takes a deep dive into Bitcoin (BTC) in Bedford. A Bitcoiner from the English town near London is turning heads and raising his town’s profile after buying his local soccer club, Real Bedford. Peter McCormack, who took the No. 38 spot on Cointelegraph’s 2023 Top 100, hosts . . . → Read More: Global impact of a Bitcoin soccer club: Decentralize with Cointelegraph Last week, the price of Bitcoin (BTC) reached a record high in Argentine peso (ARS) terms following persistent inflation in Argentina. Argentina’s inflation pushes BTC’s price to all-time high On April 18, the BTC-to-ARS exchange rate crossed over 6.59 million ARS, according to aggregated price data tracked by Google Finance. Since the peak, the . . . → Read More: Bitcoin price hits new record high in Argentina US CONSUMER CONFIDENCE KEY POINTS: April consumer confidence sinks to 101.3, well below consensus estimates of 104.00 The slump in the headline index can be attributed to a sharp pullback in the survey’s expectations component U.S. Dollar (DXY) extends gains despite disappointing data amid risk-off sentiment Recommended by Diego Colman . . . → Read More: Consumer Confidence Sinks as Recession Headwinds Grow, USD Gains on Risk-off Mood AUD/JPY Analysis Risk sentiment goes quiet ahead of major US tech earnings Sentiment gauge (AUD/JPY) flashed red, as the pair attempts bearish breakdown Australian inflation data up next before the RBA meet next week The analysis in this article makes use of chart patterns and key support and resistance levels. For more information . . . → Read More: Shift in Risk Sentiment Hits Aussie Dollar (AUD/JPY) GOLD PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free Gold Forecast Get My Guide READ MORE: Gold and Silver Price Outlook: Retail Traders Increase Bearish Bets, a Bullish Sign? Gold (XAU/USD) AND DOLLAR INDEX FUNDAMENTAL BACKDROP The Gold price rallied higher in Asian trade . . . → Read More: Gold Price Forecast: Another Rejection of the $2000 Level, A Sign of Exhaustion? Bitcoin (BTC) is keeping everyone on their toes when it comes to price trajectory — where will it go next? BTC price down 10% after bad week After a week in which BTC/USD fell by 10%, sentiment is getting a reset and traders are eyeing key support levels closer to $25,000. At the same . . . → Read More: Bitcoin price flatlines near $27K — What can trigger the next move? Global payment giant Visa continues to explore the benefits of the cryptocurrency industry with a new initiative focused on stablecoin payments. Cuy Sheffield, head of crypto at Visa, took to Twitter on April 24 to announce a new cryptocurrency-related project developed by the firm. Visa’s upcoming crypto product is designed to drive mainstream . . . → Read More: Stablecoin payments: Visa shares plans for ‘ambitious’ crypto product Ethereum staking withdrawals have entered their third “round,” but Ether (ETH) staking deposits have almost equaled them, according to the data from the analytics platform Nansen. Ethereum staking withdrawals started ramping up for the third time on April 24 and into April 25. According to Nansen, the crypto exchange Kraken was responsible for a . . . → Read More: Third round of ETH withdrawals sees roughly equal amounts of deposits: Data Regulators in the United States have choked out the cryptocurrency sector to the point of death, according to Bitcoin (BTC) bull and billionaire tech investor Chamath Palihapitiya. “Crypto is dead in America,” he boldly claimed in an April 22 episode of the All-In podcast. Palihapitiya’s comment came in response to the news . . . → Read More: ‘Crypto is dead in America’: Tech billionaire Chamath Palihapitiya There’s trouble brewing in the red-light region of Decentraland called District X. The ongoing dispute between the leader of District X and a group of community members came to a head with the Decentraland DAO asked to weigh in on the district’s future. Decentraland districts are collectively owned areas on the map built around . . . → Read More: District 9 director’s shooter, Decentraland red-light district battle: Web3 Gamer USD/CAD TECHNICAL FORECAST: USD/CAD begins the week on a positive note, though gains are limited Despite subdued price action on Monday, technical signals continue to improve for the U.S. dollar This article looks at key tech levels worth watching on USD/CAD in the coming days Recommended by Diego Colman . . . → Read More: Canadian Dollar Outlook: USD/CAD Eyes Fib Resistance as Bulls Regain Upper Hand Bitcoin (BTC) managed to stay above $27,000 for the past three days but its 9% loss last week spooked some newbie traders. Glassnode data shows that short-term holders, who acquired Bitcoin less than 155 days ago, have been moving coins to the exchanges at a loss since April 16. While short-term traders are panicking . . . → Read More: Price analysis 4/24: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL Ordinals Finance, an Ethereum-based decentralized finance (DeFi) protocol that allows users to lend and borrow inscriptions, has been accused of performing an exit scam, also known as a “rug pull.” In an April 24 press release seen by Cointelegraph, blockchain security firm CertiK reported that the protocol’s developer pulled 256 million Ordinals Finance (OFI) . . . → Read More: Ordinals Finance has conducted a $1M rug pull: CertiK The Ether price has struggled to sustain $1,850 support since April 21, the same level it held before the rally toward $2,100 initiated on April 13. Investors have reason to question whether there are buyers, considering the 13.5% price correction in six days and the $548 million in leveraged futures longs liquidated between April . . . → Read More: Ether price struggles to maintain support as regulatory challenges and network issues weigh GOLD AND NASDAQ 100 OUTLOOK: Gold prices advance on Monday, supported by U.S. dollar weakness and falling Treasury yields Meanwhile, the Nasdaq 100 slides on cautious market sentiment ahead of key corporate earnings, with Microsoft and Alphabet releasing quarterly results on Tuesday This article looks at key tech levels to watch in the Nasdaq . . . → Read More: Gold Gains as Yields Sink, Nasdaq 100 Forges Double Top ahead of Key Tech Earnings The price of Ethereum’s Ether (ETH) token has retreated from its recovery trend versus Bitcoin (BTC) while making a series of lower highs in April. ETH price risks more losses vs. Bitcoin As of April 24, the ETH/BTC pair was down about 5.5% from its local high of 0.0709 BTC six days ago. The . . . → Read More: Ethereum price lower highs vs. Bitcoin hint at more downside in April Bitcoin (BTC) headed toward range lows at the April 24 Wall Street open, with investors at odds over when to take profit. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView BTC price targets extend to $25,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling below $27,300 on Bitstamp. The pair had seen an . . . → Read More: Bitcoin price tags new April low as traders weigh odds of $25K next Oil (WTI, Brent Crude) Analysis WTI oil finds support around significant long-term level, hinting at a reversal Brent crude oil turns just short of bridging the price gap created by OPEC’s surprise supply cut IG retail client sentiment turns ‘mixed’ as longs surge and shorts decline The analysis in this article makes use . . . → Read More: Oil Selloff Finds Support as the Reality of a Tighter Oil Market Takes Hold EUR/USD PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free EUR Forecast Get My Guide READ MORE: Markets Week Ahead: Gold, Nasdaq, US Dollar; Earnings, US PCE, Euro Area and US GDP EUR/USD FUNDAMENTAL BACKDROP EURUSD enjoyed a modest bounce following the European open today . . . → Read More: EUR/USD Price Forecast: Acceptance Above the 1.1000 Handle Remains Crucial US Dollar (DXY) Price, Chart, and Analysis The latest US growth and inflation data are revealed this week. Fed speak blackout ahead of May 3 FOMC meeting. Recommended by Nick Cawley Get Your Free USD Forecast Get My Guide The first look at US Q1 GDP . . . → Read More: US Dollar (DXY) Little Changed Ahead of Weighty Economic Data Bitcoin (BTC) starts a new week in a precarious position after experiencing its most extensive losses since November. In a major comedown from ten-month highs, BTC/USD lost around 10% before the weekly candle finally closed. At around $27,600, the culmination of a grim few days for long traders means that BTC/USD is now caught . . . → Read More: ‘Smart money’ eyes BTC bull run: 5 things to know in Bitcoin this week The World Economic Forum (WEF) showcased the facilities and tech employed by a cryptocurrency mining firm and implied its operations were the “biggest winner” for the environment — but it never actually said it was mining crypto. Published on April 20, the WEF video promoted efforts toward reducing flaring — where large amounts of . . . → Read More: WEF’s promo video shows Bitcoin mining, but leaves out the B-word |
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